Entravision Q1 Net Revenue Up 13%
May 7, 2015 at 3:01 PM (PT)
ENTRAVISION COMMUNICATIONS CORP. reports that Q1 2015 Net revenue of $59.5 million, up 13% from the same quarter last year. Adjusted EBITDA rose 12% to $16.8 million. Q1 Net income of $5.3 million represented a 20% increase.
"During the first quarter, we achieved revenue growth driven by increases in our television, radio and digital media segments,” Chairman/CEO WALTER F. ULLOA said. “We also improved our free cash flow and net income over the first quarter of 2014. We continued to build our digital footprint through the acquisition of PULPO MEDIA in JUNE 2014, which provides us with an integrated platform to allow advertisers and marketers to connect with Latino audiences. Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders."